Though the competitive power market has been in operation in Vietnam for some eight months, in practice EVN still holds a monopoly over the market. The current market has 45 power plants, a number that may increase to 67 in the future. The sole buyer of the electricity they produce is Vietnam Electricity Group (EVN), which is also a power trading company. Many people expressed concern that expanding the mar ...

The Electricity Group of Vietnam (EVN) is expected to mobilize some 1.1 billion kWh of electricity fueled by oil this dry season, the country’s sole power generator said. Using oil-fueled power is far more expensive than energy generated by coal- and gas-fueled plants, EVN said. Hydropower only accounted for 27.62 percent of the total production in February, while the respective figures for thermal-power an ...

The incoming president of Mitsubishi Heavy Industries Ltd. has said a new company to be created through the integration of thermal power operations with Hitachi Ltd. will aim to achieve sales of up to ¥2 trillion. “We’d like to first catch up with Siemens (A.G.) at a certain time,” Senior Executive Vice President Shunichi Miyanaga, 64, who will take the helm of Mitsubishi Heavy in April, said recently. The ...

Tata Power is scouting for partners to pursue opportunities in the area of fuel cell technologies, as part of efforts to strengthen its presence in clean energy space. Tata Power, which has an installed generation capacity of about 8,500 MW, including 852 MW from renewable energy sources, said it is actively looking for fuel cell technology partners to pursue opportunities in the Indian market. Fuel cells r ...

In anticipation of the 2013 World Congress on Advancing Sustainable Hydropower to be held the first time in Asia, the International Hydropower Association (IHA) has highlighted that Private Investments are Becoming a Major Role in the Hydro Energy Sector. Richard Taylor, executive director of IHA stated during a networking session yesterday that the private sector’s investments in hydro energy was experienc ...

The Sino French Water Development Company, a 50% subsidiary of Suez Environment, and Sichuan Dayi Water Company have formed a new joint venture, Shuangliu Dayi Environmental Company Limited. Under a 25-year strategic partnership, Sino French Water will hold 65% of the units in the new company and will jointly manage and operate eight wastewater treatment plants located in rural areas in Shuangliu County wit ...

C V Subramanian, general manager of the NTPC unit at Kayamkulam has said “The power production from the National Thermal Power Corporation (NTPC) plant at Kayamkulam will be stopped as the high salinity in Achankovil remains unchanged,” . Subramanian was speaking at the NTPC guest house at Kayamkulam on Monday. The National Thermal Power Corporation has been depending on water from  the Achankovil river for ...

Consumers in Australia are switching power retailers in record numbers to cash in on discount deals prompted by the deregulation of the energy market. The news comes as energy utility AGL announced last month a 200 per cent boost to its net profit to $364.7 million in the first half of this financial year. The market has been flooded with discounts of up to 16 per cent on electricity bills and savings of mo ...

Coal India, the world's largest coal producer, plans to take a proposal of setting up a Rs 9,000 crore power plant in Odisha to its board for approval in the next couple of months. The 2x800 megawatt (MW) plant at the mouth of a coal field in the Mahanadi basin will mark the coal producer's foray into the power sector. Coal India Chairman and Managing Director S Narsing Rao said the company is looking at se ...

Exxon Mobil has launched an auction to sell up to US$2 billion (HK$15.5 billion) worth of shares in a Hong Kong power venture after a year-long effort to offload its holding to its partner yielded no result, sources familiar with the matter said. The world’s biggest oil company by market value has hired Barclays as an advisor for the sale of nearly half of its 60 per cent stake in Castle Peak Power as part ...